HM Treasury is in overdrive trying to solve the soaring national deficit whilst navigating the treacherous economic climate, resulting from the pandemic. So far the economy appears to be recovering faster than expected, albeit with scars. Yet figures seem to consistently beat the predictions made by official forecasts, which is a pattern we can see repeated throughout the Bounce Back in the UK Economy. Bounce...
Welcome to the May 2021 News Update from Prestige Business Management May 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Hospitality Sector Bounce Back Business Surge Since restrictions on the hospitality sector were relaxed further this month, pubs and restaurants have seen a surge in business, topping even pre-pandemic...
Furlough Scheme Extended and Further Economic Support Announced The Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and further economic support announced. The Chancellor announced that businesses across the UK will be provided with additional financial support due to the government‘s latest plan for the next phase of its response to...
Today the Chancellor announced the introduction of the Job Retention Bonus , among other measures as part of a £30bn plan to prevent mass unemployment as a result of coronavirus. Here are some of the key updates to the CJRS scheme that might affect your business.
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